Citi Financial News

₹4,400 crore Amaravati land scam case by the state police Criminal Investigation Department (CID), reports said. Former Minister for Municipal Administration and Urban Development P Narayana has been named a co-accused, among others, in the chargesheet, the reports said.

A Massachusetts town that adopted an unusual ordinance banning the sale of tobacco to anyone born in the 21st century is being looked at as a possible model for other cities and towns hoping to further clamp down on cigarettes and other tobacco products

Heat pumps that fit in an apartment window could make a big impact in reducing greenhouse gas emissions that contribute to climate change

Disney is seeking approval from local officials to expand its California theme park offerings over the next four decades

The Wall Street Journal reports that shipping business CEO Angela Chao died on a Central Texas ranch in February after her car went into a pond and became submerged in water for an extended period of time

Jharkhand on Tuesday got another Vande Bharat Express train, which will be operated between state capital Ranchi and Varanasi in Uttar Pradesh. The train was flagged off by Prime Minister Narendra Modi virtually from Ahmedabad along with the unveiling of several other railway projects in the state and across the country. The PM also flagged off the Hatia-Asansol Express and inaugurated the Ranchi-Bondamunda railway line. Stalls under the 'One Station One Product' scheme at Ranchi, Hatia, Govindpur Road, Itki, Muri, Piska, Silli, Tangarbasuli, Tatisilwai stations, Barkakana, Ranchi Road and Pradhan Khanta stations were also inaugurated by the PM.

Narendra Modi inaugurated metro operations at Kavi Subhash, Majerhat, and Esplanade stations on March 6. This marks a major milestone for the city's public transportation system, offering residents a faster, more convenient, and eco-friendly way to travel. The most anticipated addition is the Howrah Maidan-Esplanade stretch of the Green Line.

Enforcement Directorate (ED) is carrying out searches at premises linked to Jharkhand Congress MLA Amba Prasad, ANI reported. Searches are ongoing at 36-year-old Prasad's Ranchi residence and other locations.

Prime Minister Narendra Modi's visit to the picturesque Lakshadweep Islands has drawn attention to the process of applying for ILPs. This Union Territory, an idyllic paradise off the coast of Kerala, necessitates permits for all travellers, including Indians, to manage tourism numbers on these remote islands. Obtaining a permit requires submitting a clearance certificate from a local police station, along with identification documents, while online applications are also facilitated.

A former Wells Fargo broker registered with its independent firm from 2019 through last year agreed Friday to being barred from the securities industry after he failed to cooperate with an investigation by the Financial Industry Regulatory Authority Inc.

Arsenal will play FC Porto in the UEFA Champions League last 16 second leg match on Tuesday. The Gunners are trailing by 1-0 against the Portuguese side. Arsenal vs FC Porto Champions League game will kick off at 4 pm (ET) on Tuesday, March 12 at Emirates Stadium. The soccer game will be live streamed on TUDN USA and Paramount+.

Dwarka Expressway by Prime Minister Narendra Modi is expected to boost real estate prices in this part of Gurgaon, said real estate experts. Developers including Sobha, Raheja, Signature Global, M3M, Godrej and Hero Realty have projects along the corridor and some of them are planning to launch more projects as infrastructure development is expected to generate more demand. «With the expressway now complete, we are witnessing a promising downturn in unsold inventory levels in these sectors, from a significant 25-30% eight to 10 years ago to a mere 7-8% now,» said Anshuman Magazine, chairman, India, South-East Asia, Middle East & Africa, CBRE.

AI assistant for neurosurgeons at seven hospitals in Beijing and other cities in coming months, one of many initiatives the government is backing to try and harness the technology. A Hong Kong-based agency under the Chinese Academy of Sciences on Monday introduced an AI model based on Meta Platform's Llama 2.0. Researchers trained and fine-tuned the model with papers, medical journals and manuals to act as a surgery consultant of sorts for doctors, said Liu Hongbin, the center's executive director. State organs are joining private Chinese firms in developing homegrown AI in the mold of OpenAI's ChatGPT.

Tata Motors, which harnessed increasing demand for electric cars to reclaim automotive market-capitalization leadership in India, has urged New Delhi to extend incentives on electric taxis for another three years and also include personal cars in the government's flagship demand support program FAME, citing global EV leader China's example. Tata Motors, which has seen a near-six-fold surge in its stock price through the past five years that helped establish its domestic EV leadership credentials, wants New Delhi to help replicate an enabling environment similar to that in Beijing that has pledged to support adoption of EVs until unit sales touched at least a fifth of all new cars sold. «Globally, major economies (China, Germany) have continued to support EV adoption with demand subsidies until achievement of at least 20% EV adoption,» Shailesh Chandra, managing director, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said in the letter dated March 9. «The Parliamentary Standing Committee on Industry had also recommended in 2023 that the Government broaden the scope and extend FAME by at least three more years to make the scheme more inclusive,» Chandra said in the letter, a copy of which has been seen by ET.

China dominates the global electric vehicle (EV) industry today, and it is only likely to get more dominant in the future. Chinese dominance spans manufacturing, batteries, supply chains and demand. Today 60% of all EVs sold in the world are in China.

Raymond James has deepened the bench of its public finance division with the hiring of 10 former Citi staffers.

Former Kansas City Federal Reserve Bank President Thomas Hoenig reacts to Jerome Powell saying the Fed is not ready to start cutting rates on 'Cavuto: Coast to Coast.'

Patel Road, once a modest neighborhood in central-west Delhi, is currently experiencing a remarkable transformation. Under the leadership of Chief Minister Arvind Kejriwal, this project stands out not only for its uniqueness but also for its impressive scope. Rather than simply adopting European standards, the initiative is tailored to address the specific requirements and preferences of city residents, ultimately enhancing the overall quality of life in the area. This development is expected to catalyze growth in the real estate market, as infrastructural improvements typically stimulate increased investment and demand in the sector.

Prime Minister Narendra Modi inaugurated the Haryana section of the Dwarka Expressway today, heralding a new era for the real estate market in the region. With this, the Dwarka Expressway-New Gurgaon cluster is expected to see more holistic development of real estate on the back of operational expressway.

07 March 2024: HSBC India has successfully concluded the annual HSBC India Business Case programme (HIBCP) aimed at empowering youth for career preparedness. In its 10th edition, the programme, which is designed specially for undergraduate students, witnessed participation from over 3,100 students from 72 undergraduate colleges across the country.

The highly anticipated Blockchain Life Forum 2024 is set to take place in the vibrant city of Dubai on April 15-16. Welcoming industry professionals and crypto enthusiasts from around the world, this legendary event promises to be an unforgettable experience.